China Property Easing Has Traders Asking If the Worst Is Over
- Fears crisis may spread to higher-rated firms prompted action
- No end seen in campaign to curb leverage, housing speculation
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Has China’s crackdown on property developers reached a turning point?
The question is popping up on trading desks around the world after a flurry of positive signals from Beijing. Developer shares and bonds have sprung back from this year’s lows. Goldman Sachs Asset Management, Oaktree Capital Group and one of Asia’s oldest hedge funds have begun fishing for opportunity.